<ul><li>Apple has around two years to catch up in AI, needing to significantly increase investments and possibly acquire Anthropic, says analyst Gene Munster.</li><li>Apple arrived late to the AI race dominated by OpenAI, Microsoft, Google, and Meta, faced delays and challenges in scaling AI efforts with Siri and Apple Intelligence features.</li><li>Munster believes Apple should invest more in AI to control features and privacy, aiming for a best-in-class model to avoid dependence on third-party AI.</li><li>Apple needs to boost capex investment to $20-$25 billion annually, current rate at $11 billion, to catch up with competitors like OpenAI, Google, and Meta.</li></ul>

Gene Munster: Apple has ‘a couple years’ to catch up in AI, needs to invest much more, perhaps acquire Anthropic

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